RudyAsh
19 Jan 24
Lighting Rock Research * Shopify is refocusing on its e-commerce platform, margin improvement, and expense management after past missteps in its logistics business. * Shop Pay has experienced significant growth momentum, with over 100 million buyers and $12 billion in gross merchandise vol...
Lighting Rock Research
* Shopify is refocusing on its e-commerce platform, margin improvement, and expense management after past missteps in its logistics business.
* Shop Pay has experienced significant growth momentum, with over 100 million buyers and $12 billion in gross merchandise volume in a recent quarter.
* The stock price is considered to be 25% overvalued, leading to a 'Sell' rating and a fair value estimate of $60 per share.
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